Treasurer Torsella defends not loaning money to General Fund

Treasurer Torsella defends not loaning money to General Fund

State Treasurer Joe Torsella Monday defended his recent decisions to discontinue loaning funds from Treasury’s short-term investment pool and not authorizing the ability of the Commonwealth to seek outside borrowing without a balanced budget based on his interpretation of prudent lending standards and precedent in making similar types of financial maneuvers.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
As state announces payment delays, House GOP appeals for more short-term funding

As state announces payment delays, House GOP appeals for more short-term funding

As Pennsylvania’s budget-related impasse drags on and the state legislative chambers volley budget-balancing plans between each other, Gov. Tom Wolf on Friday announced the state will be delaying some payments to insurers and for pension obligations in order to keep the state’s budget balanced in the absence of additional revenue for the General Fund.

Friday, September 15, 2017/Author: Jason Gottesman
Categories: News and Views
House returns to session to begin budget balancing blitz

House returns to session to begin budget balancing blitz

After taking a roughly seven week session hiatus, the state House of Representatives made their long-awaited return to voting session Monday as the Republican caucus in that chamber looks to try to find consensus on a revenue plan that can close the state’s $2.2 billion deficit.

Monday, September 11, 2017/Author: Jason Gottesman
Categories: News and Views
Budget, revenue talks roll on with little discernible end

Budget, revenue talks roll on with little discernible end

We’re now just two days from the end of Pennsylvania’s current fiscal year and talks among top lawmakers about how to close out the current fiscal year and balance the coming fiscal year’s budget are still taking top priority at the state Capitol, but substantial agreement has yet to be seen.

Wednesday, June 28, 2017/Author: Jason Gottesman
Categories: News and Views
GOP Appropriations chairmen optimistic about on-time budget

GOP Appropriations chairmen optimistic about on-time budget

As pension reform legislation is likely to wind up shortly in the legislative rearview mirror, all eyes will soon be turning into work on a state budget, which now only has 24 days remaining until the next fiscal year begins and a budget is set to be in place.

 

On Monday, The PLS Reporter caught up with House Appropriations Committee Majority Chairman Stan Saylor (R-York) and Senate Appropriations Committee Majority Chairman Pat Browne (R-Lehigh) for an update on where things stand.

Monday, June 5, 2017/Author: Jason Gottesman
Categories: News and Views
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